Non Profit Lawyers Save Day For 80+ Year Old New Mexico Couple Facing Foreclosure Over $2 In Late Payments

In Albuquerque, New Mexico, the Albuquerque Journal reports:

• Dixie and Paul Williams have much to be thankful for -- to wit, not being thrown out of their South Valley home for $2 in late mortgage payments. And they're thankful to the lawyers at the Senior Citizens' Law Office who helped make that happen.

• Senior Citizens law office executive director Angelica Allen said that an order dismissing the foreclosure action against the couple, who are in their 80s and not in the best of health, has been filed in state district court. This time, she said the bank accepted the $4 in mortgage fees that it had previously rejected as payment.

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• The couple, who live on Social Security, had pledged their house as collateral on a Small Business Administration loan in the 1970s and arranged an extension with a new mortgage payment of $1 a year when Paul Williams became ill. The terms of the legal arrangement say the house will revert to SBA or its successor bank upon the deaths of the Williams.

• The paperwork had changed hands, and the Williams never got any notice of where to send the $1 mortgage payment, legal documents said. The new mortgage holder filed a foreclosure lawsuit against the couple earlier this year when it failed to receive the $1 payments.

For more, see Couple Won't Lose Home Over $2: Order Dismisses Foreclosure Action (subscription required; if no subscription, try here).